Thai central bank keeps rate at 2pc

BANGKOK: Thailands central bank left its benchmark interest rate unchanged yesterday as expected, repeating that it believes the current level supports moves to spur an economic recovery. The one-day repurchase rate has been held at two per cent since March, when it was cut by 25 basis points as political tensions flared. œThe committee judges that the current degree of monetary accommodation is still needed given an early stage of recovery, the monetary policy committee said in a statement. Reuters

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